Examples of Reorganization Shares in a sentence
All of the Reorganization Shares owned by Spinco will be redeemed for their aggregate redemption value, which redemption value will be satisfied in full by the transfer by Xxxxxx to Spinco of the Property, the Royalty and the Working Capital and the Reorganization Shares will be cancelled and the authorized capital of Nanton and its notice of articles will be amended by deleting the Reorganization Shares as a class of share of Nanton.
Each Shareholder will sell and transfer all of its Reorganization Shares to Spinco for consideration consisting solely of Spinco Shares issued by Spinco, on the basis of one Spinco Share for each Reorganization Shares held.
No share certificates representing the Reorganization Shares to be issued pursuant subsection 2.3(c)(i) will be issued.
The Shares exchanged for the New Common Shares and Reorganization Shares pursuant subsection 2.3(c)(i) will be cancelled an the authorized capital of Nanton and its notice of articles shall be amended by deleting the Shares (as re- designated as Pre-Arrangement Shares) as a class of share of Nanton.
All New Common Shares, Reorganization Shares and Spinco Shares issued pursuant hereto shall be deemed to be validly issued and outstanding as fully paid and non-assessable shares for all purposes of the BCBCA.